North America Microgrid Market Overview
North America Microgrid Market is driven by growing demand for electricity from off grid and rural areas coupled with surge in adoption of clean energy sources. Flexibility of the microgrids to be connected with different power sources such as solar, natural gas, hydro, etc. drives its demand in the industrial and commercial sector. Furthermore, natural calamities such as “Hurricane Sandy” in the United States which caused a massive blackout have led the government to invest in microgrid technology and self-power generating sources.
According to 6Wresearch, North America Microgrid Market size is expected to witness significant growth during 2019-2025. United States is the leading revenue generating country in the North America region owing to the high demand in the military applications and supportive government policies to electrify off grid areas. Also, various government moves such as “Clean Power Plan” of United States and “US grid 2030: National Vision for Electricity” have led to the increase in the penetration of renewable energies into the electricity generation systems resulting in surge in demand for micro grids in the country.
The microgrid market in North America report thoroughly covers the market by types, applications and countries including United States, Canada and Rest of North America. North America microgrid market outlook report provides an unbiased and detailed analysis of the North America microgrid market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their strategies according to the future and current market dynamics.
Key Highlights of the Report:
- North America Microgrid Market Overview
- North America Microgrid Market Outlook
- North America Microgrid Market Forecast
- Company Profiles
- Key Strategic Recommendations
- Market Drivers and Restraints
- North America Microgrid Market Share, By Regions
- North America Microgrid Market Trends and Industry Life Cycle
- North America Microgrid Market Share, By Players
- North America Microgrid Market Overview on Competitive Benchmarking
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